The Concept of Reasonable Assurance Suggests That

question 107

Multiple Choice

The concept of reasonable assurance suggests that

• A)the cost of an internal control should be less than the benefit it provides
• B)a well-designed system of internal controls will detect all fraudulent activity
• C)the objectives achieved by an internal control system vary depending on the data processing method
• D)the effectiveness of internal controls is a function of the industry environment

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Definitions:

Director

A person who is in charge of an organization, department, or production, like a movie or play.

Direct Instruction

A teaching method focused on systematic instruction with well-defined and explicit teaching of academic skills.

Teacher-Centered

An educational approach where the teacher is the primary source of knowledge, guiding the learning process and controlling the classroom environment.

Academic Mastery

Achieving a high level of proficiency or excellence in educational subjects or skills.